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accounting News

Argentina Extends More Transfer Pricing Return Filing Deadlines

by Mike Godfrey,, Washington

Tuesday, March 17, 2020

In General Resolution 4680/2020, published in the Official Gazette on February 28, 2020, Argentina announced extended transfer pricing filing deadlines for more taxpayers. Read Full Story


New Zealand Announces New Rules For Tax Operating Leases

by Mary Swire,, Hong Kong

Tuesday, December 31, 2019

The New Zealand Government has agreed to proposed changes that would allow taxpayers who apply the New Zealand Equivalent to International Financial Reporting Standard 16 Leases (IFRS 16) to follow their accounting treatment to claim tax deductions on certain leases that are classified as tax operating leases. Read Full Story


New Zealand To Remove Low-Value Consignment Relief

by Mary Swire,, Hong Kong

Monday, November 25, 2019

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019. Read Full Story


Overseas Suppliers To NZ Urged To Register For GST

by Mary Swire,, Hong Kong

Friday, October 18, 2019

New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline. Read Full Story


Tax Agencies Increasingly Deploying Technology To Improve Tax Take

by Ulrika Lomas,, Brussels

Friday, September 27, 2019

The eighth edition of the OECD's Tax Administration Series published September 23 shows how tax administrations are increasingly moving to e-administration and using a range of technology tools, data sources, and analytics to increase tax compliance. Read Full Story


Chile's Chamber Of Deputies Approves Tax Reform Law

by Mike Godfrey,, Washington

Thursday, September 5, 2019

Chile's Chamber of Deputies approved at the end of August legislation to comprehensively reform the tax system, as set out in Bulletin 12043. Read Full Story


Singapore Reports On Tax, Compliance Work

by Mary Swire,, Hong Kong

Thursday, September 5, 2019

The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year. Read Full Story


HMRC Schedules Webinars On New Construction Services Reverse Charge

by Jason Gorringe,, London

Thursday, August 29, 2019

The UK tax agency has announced that it has scheduled two new webinars to support the construction industry to come to terms with the new VAT reverse charge being introduced on building and construction services from October 1. Read Full Story


Australia Clarifies Effective Life Of Depreciable Assets

by Mary Swire,, Hong Kong

Tuesday, July 16, 2019

The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019. Read Full Story


Zambia Delays VAT Again, Until September

by Lorys Charalambous,, Cyprus

Friday, July 5, 2019

Zambia has once again pushed back implementation of a sales tax in place of value-added tax, to September 1, 2019. Read Full Story



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